Vanquis’ bonds rated Excellent

Category:
SavingsDate:
03/03/2017

MONEYFACTS ARCHIVE

This article was correct at the time of publication. It is now over 6 months
old so the content may be out of date.

Vanquis Bank has increased the rates on selected fixed bonds by up to 0.10%, which has seen the three-year deal enter the Best Buys, the four-year become market-leading and the five-year maintain its position in the charts, earning all a high rating in the process.

The basics…

The three-year bond now boasts a rate of 1.70%, which is paid on its anniversary, while the four-year equivalent pays 2.10%, the highest rate for its term, and the five-year pays 2.21%. Versions of the bonds that pay slightly reduced rates on a monthly basis are also available.

The finer details…

These accounts require a minimum investment of £1,000. They do not allow any access prior to the end of the term, with access then having to be made through a nominated account, so savers will have to be certain they are happy with their initial investment and won't need those funds for the entire term. The accounts have to be opened online, after which they can also be managed by post and over the phone.

Why we like them…

The increased rates on these bonds have made them even more attractive, earning them competitive places in their Best Buy charts as well as a high rating.

Moneyfacts rating: Excellent

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.